JNL/PPM America High Yield Bond Fund Class A (0P00003C9B)

Overview

This fund specializes in investing primarily in high-yield, high-risk debt securities, commonly known as "junk bonds". These investments typically offer higher returns due to their increased risk and are rated below investment grade, which is below BBB- or Baa3, by major credit rating agencies. Alternatively, if these securities are not rated, the Sub-Adviser, PPM America, Inc., assesses them to be below investment-grade quality. The fund is committed to allocating at least 80% of its assets, which include net assets and any borrowings for investment purposes, into these lower-grade securities and related investments. This strategic focus is designed for investors seeking higher income opportunities and who are comfortable with the associated risks of investing in less creditworthy bonds.

Products and Services

The fund offers a focused financial product and service tailored specifically to investors interested in high-yield, high-risk debt markets:

• High-Yield, High-Risk Debt Securities Investment - This is the primary service offered by the fund, involving investment in junk bonds and related investments that are below investment grade. This product is aimed at sophisticated investors seeking higher returns in exchange for accepting higher risk. These securities are either rated below BBB- or Baa3 by major credit rating agencies, or assessed by PPM America, Inc. as being of below investment-grade quality. The fund’s strategy revolves around this niche segment of the financial market, leveraging the potential for higher income through carefully evaluated investments in high-risk debt instruments.